Schedule K1

[gb_1435]

Hello Experts, 
I received a Schedule K1 for a real estate investment. Along with the K1, I also received the income statement and balance sheet. 

On the K1, in Box 20, I have codes for V, Z and ZZ. For Z and ZZ, the box says see STMT, and I see in the K1 a page calling out the reference to Z and providing QBI income/loss in Column A. However, I do not see anything for ZZ. 

Any issues if there is no supplemental information for code ZZ?

[jtax]

There should be more information. You can ask for the info.

Basically it seems that code ZZ is a catch all information that you may need to manually enter somewhere else in your tax return. Most of the common things are more streamlined (e.g. box N goes on schedule XYZ, line M), but some things are rare or too complicated. I have no idea what they might be for you or of it they really matter. For example, I have seen trust k1s (not partnership k1s) where code ZZ is used to report amount of US government interest included in the interest/dividends boxes. That is important because states cannot tax US government interest.

https://www.irs.gov/instructions/i1065sk1#en_US_2023_publink1000128111

Code ZZ. Other. Any other information you may need to file your tax return.